Army Orders $200M in Raytheon-Made Excalibur Ib Projectiles

The U.S. Army has awarded Raytheon (NYSE: RTN) a five-year, $200.2M contract to supply M982A1 Excalibur Ib containerized shells that are designed to engage land targets in a combat environment.

Army Contracting Command received one bid for the firm-fixed-price contract via an online solicitation, the Department of Defense said Tuesday.

The service branch obligated the full contract amount at the time of award.

Raytheon — which developed the Excalibur projectile technology with BAE Systems‘ Bofors subsidiary — is expected to finish contract work by April 29, 2024.

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